Product Code: ETC240748 | Publication Date: Aug 2023 | Updated Date: Aug 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Indonesia Aircraft Aftermarket Parts Market registered a growth of 4.16% in value shipments in 2021 as compared to 2020 and a decrease of -21.29% CAGR in 2021 over a period of 2017. In Aircraft Aftermarket Parts Market Indonesia is becoming less competitive as HHI index in 2021 was 2257 while in 2017 it was 1797. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Indonesia has reportedly relied more on imports to meet its growing demand in Aircraft Aftermarket Parts Market. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Aircraft Aftermarket Parts Market in 2021 was 4.05 while in 2017 it was 12.03. USA, Singapore, South Korea, Canada and France were among the top players of the market in 2021, where USA acquired the largest market share of 38.77% with a shipment value of 97.03 million USD in 2022 USA also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Aircraft Aftermarket Parts Market. In 2017 France had the largest market share of 32.3% with the shipment value of 256.85 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although France offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Indonesia Aircraft Aftermarket Parts Market in 2017.
Furthermore, the Indonesia Aircraft Aftermarket Parts Market has seen a steady boost, as maintenance and repair services gain prominence in ensuring the sustained airworthiness of aircraft.
The aircraft aftermarket parts market in Indonesia is expected to witness robust growth. As the country`s aviation fleet continues to expand, the demand for replacement parts and maintenance services will rise accordingly. Airlines and operators will seek cost-effective solutions to keep their aircraft in optimal condition, leading to a surge in demand for aftermarket parts. Additionally, the growing importance of safety regulations and periodic inspections will drive the need for high-quality aftermarket parts.
The aircraft hydraulic system market in Indonesia faces challenges related to maintenance and servicing. With an increasing number of aircraft in operation, there is a need for regular inspections and repairs of hydraulic systems to ensure safety and efficiency. However, the availability of qualified maintenance personnel and adequate infrastructure for hydraulic system servicing might be limited, posing challenges to the market`s growth.
The aircraft aftermarket parts market in Indonesia was witnessing growth before the COVID-19 pandemic, driven by the need for spare parts, repairs, and maintenance services for the existing aircraft fleet. Airlines were investing in aftermarket parts to extend the lifespan and efficiency of their aircraft. However, with the outbreak of COVID-19 and the subsequent reduction in air travel, airlines faced financial constraints, affecting their aftermarket spending. The market might have experienced a temporary downturn during the pandemic, and the recovery would have been reliant on airlines resuming normal operations.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Indonesia Aircraft Aftermarket Parts Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Aircraft Aftermarket Parts Market Revenues & Volume, 2021 & 2028F |
3.3 Indonesia Aircraft Aftermarket Parts Market - Industry Life Cycle |
3.4 Indonesia Aircraft Aftermarket Parts Market - Porter's Five Forces |
3.5 Indonesia Aircraft Aftermarket Parts Market Revenues & Volume Share, By Parts Type, 2021 & 2028F |
3.6 Indonesia Aircraft Aftermarket Parts Market Revenues & Volume Share, By Component Type, 2021 & 2028F |
3.7 Indonesia Aircraft Aftermarket Parts Market Revenues & Volume Share, By Aircraft Type, 2021 & 2028F |
4 Indonesia Aircraft Aftermarket Parts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Indonesia Aircraft Aftermarket Parts Market Trends |
6 Indonesia Aircraft Aftermarket Parts Market, By Types |
6.1 Indonesia Aircraft Aftermarket Parts Market, By Parts Type |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Aircraft Aftermarket Parts Market Revenues & Volume, By Parts Type, 2018 - 2028F |
6.1.3 Indonesia Aircraft Aftermarket Parts Market Revenues & Volume, By MRO Parts, 2018 - 2028F |
6.1.4 Indonesia Aircraft Aftermarket Parts Market Revenues & Volume, By Rotable Replacement Parts, 2018 - 2028F |
6.2 Indonesia Aircraft Aftermarket Parts Market, By Component Type |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Aircraft Aftermarket Parts Market Revenues & Volume, By Engine, 2018 - 2028F |
6.2.3 Indonesia Aircraft Aftermarket Parts Market Revenues & Volume, By Airframe, 2018 - 2028F |
6.2.4 Indonesia Aircraft Aftermarket Parts Market Revenues & Volume, By Interior, 2018 - 2028F |
6.2.5 Indonesia Aircraft Aftermarket Parts Market Revenues & Volume, By Cockpit Systems, 2018 - 2028F |
6.2.6 Indonesia Aircraft Aftermarket Parts Market Revenues & Volume, By Others, 2018 - 2028F |
6.3 Indonesia Aircraft Aftermarket Parts Market, By Aircraft Type |
6.3.1 Overview and Analysis |
6.3.2 Indonesia Aircraft Aftermarket Parts Market Revenues & Volume, By Narrow-body, 2018 - 2028F |
6.3.3 Indonesia Aircraft Aftermarket Parts Market Revenues & Volume, By Wide-body, 2018 - 2028F |
6.3.4 Indonesia Aircraft Aftermarket Parts Market Revenues & Volume, By Regional Aircraft, 2018 - 2028F |
7 Indonesia Aircraft Aftermarket Parts Market Import-Export Trade Statistics |
7.1 Indonesia Aircraft Aftermarket Parts Market Export to Major Countries |
7.2 Indonesia Aircraft Aftermarket Parts Market Imports from Major Countries |
8 Indonesia Aircraft Aftermarket Parts Market Key Performance Indicators |
9 Indonesia Aircraft Aftermarket Parts Market - Opportunity Assessment |
9.1 Indonesia Aircraft Aftermarket Parts Market Opportunity Assessment, By Parts Type, 2021 & 2028F |
9.2 Indonesia Aircraft Aftermarket Parts Market Opportunity Assessment, By Component Type, 2021 & 2028F |
9.3 Indonesia Aircraft Aftermarket Parts Market Opportunity Assessment, By Aircraft Type, 2021 & 2028F |
10 Indonesia Aircraft Aftermarket Parts Market - Competitive Landscape |
10.1 Indonesia Aircraft Aftermarket Parts Market Revenue Share, By Companies, 2021 |
10.2 Indonesia Aircraft Aftermarket Parts Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |